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Oct 6, 2012
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when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times of fiscal economic crisis are put aside. it is ideological and i think the term "common-sense" is a terrific one to achieve and try to revive that one as you talk to c-span and agitate your committee. host: let's go back to the bus. john, what is your question? >> how is mitt romney going to be able to win independent voters after he alienated them in the primary? guest: i think that debate over night, which you watched as a student of political science and journalism -- he pivoted to some of the positions that he explicitly set aside during the primaries, where he became truly one of the most --
when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times...
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Oct 6, 2012
10/12
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KQEH
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for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked in the oval office, i had more than a trillion dollar deficit greeting me, and we know where it came from. two wars that were paid for on a credit card, two tax cuts that were not paid for, and a whole bunch of programs that were not paid and then a massive economic crisis. >> question. president obama's gambit has been to blame his predecessor bush for his $4 trillion deficit. why didn't that pay off, pat? >> frankly, president bush is an argument that obama has used which has been somewhat effective, that he inherited a very tough situation. >> he knew what he was inheriting. >> but he didn't mention bush's
for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked...
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Oct 11, 2012
10/12
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MSNBC
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? [ male announcer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance -- taking care of your family's future expenses if something happens to you. it's easy. we get to know you and your needs, then give you our best quote and our competitors'. you choose and save up to 70%. that could mean $250,000 of coverage for just $15 a month. we offer plans with no medical exam, and we've been in business for over 100 years. call fidelity life. ♪ or visit fidelitylife.com for your free quote. [ horn honks ] hey, honey. do we have life insurance? ♪ [ male announcer ] or visit fidelitylife.com to secure your family's future today. >>> tonight's debate will cover both dome
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? [ male announcer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance...
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Oct 11, 2012
10/12
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MSNBCW
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> tonight's debate will cover both domestic and foreign policy, so expect to hear more about last month eye deadly terror attack that killed chris stevens and three other americans in libya. it was the subject of a heated hearing on capitol hill. >> this was never about a video, it was never spontaneous, this is terror. and i want to know why we were wlid lied to. >> on my honor, no, none, political pressure was applied to me in this case by anyone in the state department, at the national security council or at the white house. >> at a white house oversight committee hearing, republicans accused of obama administration of a cover up. the committee heard from two men who had previously protected ambassador stevens. they said their repeated requests for more security were turned down. >> we were fighting a losing battle. we couldn't even keep what we had. we were not even allowed to keep what we had. >> it
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> tonight's debate will cover both domestic and foreign policy, so expect to hear more about last month eye deadly terror attack that killed chris stevens and three other americans in libya. it was the subject of a heated hearing on capitol hill. >> this was never about a video, it was never...
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Oct 8, 2012
10/12
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WETA
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tell me how much of a contribution, most people who look at the deficit including boults simpson said we have to have a significant reduction and a new way of looking at those things which have been part of the assumption of people. >> that's right. it turns out that social security is not a big problem. >> change the age. >> change its age a little bit, change the contribution a little bit. we can put that on. so that is something i think we can solve fairly easily and should not be at the core of the debate. the health-care programs are a significant concern. in fact, one of the interesting things is that if we had a health-care system that was as efficient as some of the european health-care systems, we would have no deficit. so that in fact it's the inefficiency of our health-care system that is a major cause of our deficits. so my mind our focus should be -- >> to make it more efficient. >> and the health-care reform passed by the congress did it do that. >> it was a move in the right direction. >> didn't go far enough. >> it didn't go far enough. and some of the things are going
tell me how much of a contribution, most people who look at the deficit including boults simpson said we have to have a significant reduction and a new way of looking at those things which have been part of the assumption of people. >> that's right. it turns out that social security is not a big problem. >> change the age. >> change its age a little bit, change the contribution a little bit. we can put that on. so that is something i think we can solve fairly easily and should...
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Oct 8, 2012
10/12
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CSPAN2
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. something in democratic andemoat republican leader were trying to work
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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Oct 9, 2012
10/12
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CSPAN2
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clearly america has large and ever-growing deficits. you propose a tax cut. that's deficit spending. >> wait a minute. first of all, this is a two-step deal. everybody knows we need the big deal and we talk about that in 30 seconds. but we're not going to get to the big deal by jumping off the bridge. and what we are saying is it is not the right thing to do you have the largest tax increase in history of america and to have $1.2 trillion worth of spending cuts that don't even look at medicare and medicaid. across the board without thinking through what this big deal is going to be. and anybody from either party hould come to a realization that the big deal counts. all we need to do is get a small part of an extension, six months, what ever does, and we'll get there. remember, when you talk about these taxes and the suspended, it can't be done by 10 people in the back of the room. and has to be a normal order on the hill because they are the only people that understands what are in those bills. >> do any of you really think we'll jump off a fiscal cliff? or d
clearly america has large and ever-growing deficits. you propose a tax cut. that's deficit spending. >> wait a minute. first of all, this is a two-step deal. everybody knows we need the big deal and we talk about that in 30 seconds. but we're not going to get to the big deal by jumping off the bridge. and what we are saying is it is not the right thing to do you have the largest tax increase in history of america and to have $1.2 trillion worth of spending cuts that don't even look at...
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Oct 10, 2012
10/12
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if you really are going to make a dent in deficit reduction you don't pick on things like big bird. you pick on big things like tax cuts for multimillionaires. and -- so -- no, i don't think it is an irrelevant point but i agree we ought to be talking about what the next four years will bring because it looks like romney administration would just be one big surprise party. we have no idea what that is going to be like. so -- but i think the president and the vice president really do need to give the american people a clear sense of where they want to go. >> well, let's talk about that reset because, obviously the president did take a hit in the debate. and there have been a lot of headlines about worried democrats. do you think he needed to make the adjustments? we are hearing about it in his campaign. if he needs to do more, congressman, what is it? >> well, again, you know, i don't think the american people are really interested in who wins the fight between candidates. i think they want inform know what president obama is really willing to fight for. and he's talked time and time
if you really are going to make a dent in deficit reduction you don't pick on things like big bird. you pick on big things like tax cuts for multimillionaires. and -- so -- no, i don't think it is an irrelevant point but i agree we ought to be talking about what the next four years will bring because it looks like romney administration would just be one big surprise party. we have no idea what that is going to be like. so -- but i think the president and the vice president really do need to...
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Oct 10, 2012
10/12
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-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax rates was more important than anything else, including getting rid of those deductions to pay for them supposedly. let's watch. >> what's most important to romney, would he scale back on the 20% tax cut for the wealthy? would he scale back and say, okay, we're going to have to raise taxes for the middle class? i guess the question is what's most important to him in his tax reform plan -- >> keeping tax rates down. by lowering tax rates, people keep more of the next dollar they earn. >> that's more important -- >> that's more importa
-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax...
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Oct 10, 2012
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. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because you see i'm focused on helping the american people get good jobs. >> reporter: sesame's street now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks in to whether the u.s. was warned of the deadly libya attack. >> twice in the six month lead up, you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings of trouble now for president obama, romney's closing the gap. the latest polls, reuters has them tied. gallup has romney up by two. pew has him up by four. and we were talking about the polls in the balgtd ground sta
. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because...
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Oct 11, 2012
10/12
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bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the last two years. some of your big trading partners like spain, ireland, italy are separating less by us. it makes it harder for us to pay off our debt. but here is the crucial thing you need to know. yes it is worse than we thought and yes it is taking longer but we are making progress thanks to the good result of george osborn we've cut off the deficit. 25%. that has helped to keep our interest rates at record low levels. keeping the market is low. more money in your pockets, giving businesses more confidence to invest, creating more jobs. and if you don't bel
bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the...
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Oct 12, 2012
10/12
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, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that could shut down the transportation system, military networks, and military systems. secretary panetta's remarks came yesterday in new york city. >> frank, five words. you deserve to be here. [applause] ladies and gentlemen, it is now and high honor to introduce the most talented, versatile, and experienced leaders in american government, a man who serves our country by meeting the extraordinary challenges of our times. i am sure secretary of defense, leon panetta thinks on his days in the u.s. army intelligence where he received the army accommodation metal. he chaired the house budget committee before moving on to
, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that...
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Oct 14, 2012
10/12
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WBAL
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he should be angry these people have the gall to talk to him about the deficit, the gall to talk to him about foreign policy. chris: one more time, before you get back to this, it seems to me biden did a couple of things on thursday night this week. one, he opened up this abortion debate. maybe it was a good question by martha raddatz. maybe it was too broad, but they narrowed it in a second. they both gave elm passioned arguments. but the one by ryan said if i get a shot i'm going to outlaw abortion, i'm going to ban it, and biden said now we live in a society where we're telling everybody else how to live by law. does he charge at romney, who's been dodge-balling this issue for weeks now? >> sure. abortion is one of those issues where it's harder to make us sort of tack to the center. you're on one side or you're on the other side. to some extent one of the things i noticed is that no social issues came up at all and it worked to romney's advantage, because he was able to make this rhetorical shift and moderate a lot of his -- chris: single women going to him in those days afterwards.
he should be angry these people have the gall to talk to him about the deficit, the gall to talk to him about foreign policy. chris: one more time, before you get back to this, it seems to me biden did a couple of things on thursday night this week. one, he opened up this abortion debate. maybe it was a good question by martha raddatz. maybe it was too broad, but they narrowed it in a second. they both gave elm passioned arguments. but the one by ryan said if i get a shot i'm going to outlaw...
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gerri: romney's court in that debate on issues that he really wanted to talk about, jobs and the deficit. my understanding is that you just looked at this today and found obama scored 20 on the deficit and romney scored 41. when the team to jobs, 24357. run the way out ahead >> obama keeps saying, romney's test plan will go below this $5 trillion : the budget. the other line, i have this $4 trillion plan. there is no plan. i have to blame people in the media. they are correctly pressing romney to be more specific about his plans, but i don't think that the press has been even handed in asking barack obama about his plan. you keep saying have a $4 trillion plant. i have not seen it. here is nother issue along those lines. the president has gone so negative year. calling romney a liar which is something you don't typically do. >> i live in virginia, so we are just saturated. everytime you turn of the tv. football game, fox news. one after anotr, and these guys almost all of the obama ads are-. and that -- and not so sure that works so well for an incumbent is tgo after the opponent like th
gerri: romney's court in that debate on issues that he really wanted to talk about, jobs and the deficit. my understanding is that you just looked at this today and found obama scored 20 on the deficit and romney scored 41. when the team to jobs, 24357. run the way out ahead >> obama keeps saying, romney's test plan will go below this $5 trillion : the budget. the other line, i have this $4 trillion plan. there is no plan. i have to blame people in the media. they are correctly pressing...
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Oct 11, 2012
10/12
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for social security i have a bill that fixes social security for 75 years, wipes out a $6 trillion deficit, gradually raised the age to 70's over 20-year period starting with 56 and under and what we do is means test the benefit. the wealthy people get less. if you are wealthy you get a little bit less if you made a decent income. >>neil: here is where both sides risk putting people to sleep. you slain this in bake terms if they outwork each other, no, you are going to steel $700 billion from medicare, no, no, no, you are going to take $700 billion. >>guest: you going to. >>neil: here we go, back-and-forth. how do they avoid that and not leave people at home watching totally confused? >>guest: the main thing to get across, are you willing to do something to save medicare? to save social security? or are you going to say i'm not touching either of them and i will not do anything and i am opposed to all reform. >>neil: the way we are going now is not sustainable why not say that? >>guest: you can but you have to put forward a reform. president obama has not put forward a reform. i sat this f
for social security i have a bill that fixes social security for 75 years, wipes out a $6 trillion deficit, gradually raised the age to 70's over 20-year period starting with 56 and under and what we do is means test the benefit. the wealthy people get less. if you are wealthy you get a little bit less if you made a decent income. >>neil: here is where both sides risk putting people to sleep. you slain this in bake terms if they outwork each other, no, you are going to steel $700 billion...
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Oct 8, 2012
10/12
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CSPAN2
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and since 2000 would've been an increasing trade deficit it's about 67% has come from productivity gains. i think of it a bit as agriculture. food was 25% of gdp. it fell to 10. that power and the productivity gains in manufacturing today powered the growth in the service economy. >> host: just to stay manufactured for second. the 1 dollar versus $19 i'm not sure it is, that is one type of manufacturing, and in many areas u.s. workers are much more productive so i think the reason we so they're pretty robust, albeit declining manufacturing sector is there are a lot of areas where u.s. workers are way more productive. so the difference in pay is offset by the productivity. >> guest: we produce more and more goods and more and more value added. >> host: the other thing you mentioned earlier was he you mentioned intel. one of the reasons why i think that we have been successful in the high-tech sectors and the internet is, in fact, we have both manufacturing and software and sort of the server-side of the industry here, so that even apple which we think of as make everything in china but a
and since 2000 would've been an increasing trade deficit it's about 67% has come from productivity gains. i think of it a bit as agriculture. food was 25% of gdp. it fell to 10. that power and the productivity gains in manufacturing today powered the growth in the service economy. >> host: just to stay manufactured for second. the 1 dollar versus $19 i'm not sure it is, that is one type of manufacturing, and in many areas u.s. workers are much more productive so i think the reason we so...
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Oct 8, 2012
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay ior it. if we can't trt t him here... how could we ever trust him here?
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay ior it. if we can't trt t him here... how could we ever trust him here?
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Oct 10, 2012
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mitt romney had that deficit. looks like mitt romney has done himself some good in that debate to close that gap. i think you will see the first ladies out there and it is better for the first lady to talk about the "sesame street" line and big bird than the president. you saw that ad out yesterday that many people called absurd. you saw raerp romney have that editorial today and basically saying big bird versus a small president. i think they will step back from having a president talk about big bird and have the first lady do it instead. >> okay. hogan, let's jump ahead to tomorrow night. appreciate sewer truly on for vice president joe biden to deliver the debate in kentucky, same quote. team baerm needs a strong performance from biden to make up for last week and change the subject. another bad outing by a member of the ticket and democratic hand wringing could turn into full-fledged panic. is the shoe on the other foot now with president obama being the underdog, team romney, was panicking? certainly before l
mitt romney had that deficit. looks like mitt romney has done himself some good in that debate to close that gap. i think you will see the first ladies out there and it is better for the first lady to talk about the "sesame street" line and big bird than the president. you saw that ad out yesterday that many people called absurd. you saw raerp romney have that editorial today and basically saying big bird versus a small president. i think they will step back from having a president...
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Oct 7, 2012
10/12
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adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who goes to college, which means they spend more money. calls for a $5 trillion cut. he is saying he will pay for it deductions. he has been asked how he would deductions. them. when you add up all the loopholes and deductions that all away. you do not come close to paying for $5 trillion. that is why independent studies looking at this said the only way to meet governor romney's deficit or not adding to theclass families. where people at the top are doing well while middle-class families are burdened further, that is not what i believe is a recipe for economic growth. >>
adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who...
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Oct 8, 2012
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he claims is romney's plan for $5 trillion in tax cuts and cuts to funding for pbs to help close the deficit. >> so for all you moms and kids, don't worry. somebody is finally cracking down on big bird. cracking down on him. elmo has made a run for the border. border. governor romney plans to let wall street run wild again but he is bringing the hammer down on sesame street. >> president obama will continue campaigning in california today with a star- studded event in san francisco t includes john legend and will i am. >>> one of the staffers at in florida decided to weekend romney's face with a napkin. he laughed it off but and to look uncomfortable. >>> we'll tell you who came out on top in the election with hugo chavez. >> and more cases of fungal meningitis as the outbreak spreads to more states. we'll have an update on that and new information about the pharmacy that distributed the product. [ male announcer ] who will raise taxes on the middle class? according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the
he claims is romney's plan for $5 trillion in tax cuts and cuts to funding for pbs to help close the deficit. >> so for all you moms and kids, don't worry. somebody is finally cracking down on big bird. cracking down on him. elmo has made a run for the border. border. governor romney plans to let wall street run wild again but he is bringing the hammer down on sesame street. >> president obama will continue campaigning in california today with a star- studded event in san francisco...
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Oct 11, 2012
10/12
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WBAL
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. >> and despite budget deficits, those costs are going up. >> many large jurisdictions offer no such benefit to top officials, but despite a declining population and ever- growing budget pressure, the city not only keeps executive protection in place. it allows it to grow. >> good morning. >> baltimore mayor stephanie rawlings-blake has quite the on to rosh. she arrives in a city suv. -- has quite the entourage. she is protected by city police officers whose sole duty is to provide executive protection. it all comes at a cost. for the last year, over time alone was $103,750. substantially higher than the cost for fiscal year 2011. one big reason? the unit got bigger. it grew from three officers to seven officers. the mayor's security troubles with her out of time. that added another $7,700 the last fiscal year. take that plus the overtime costs and the minimum salaries -- the overall cost is enough to cover the starting salaries of 10 police officers. executive protection is also provided to the police commissioner, even though the commissioner carries a drug. two officers made $36,0
. >> and despite budget deficits, those costs are going up. >> many large jurisdictions offer no such benefit to top officials, but despite a declining population and ever- growing budget pressure, the city not only keeps executive protection in place. it allows it to grow. >> good morning. >> baltimore mayor stephanie rawlings-blake has quite the on to rosh. she arrives in a city suv. -- has quite the entourage. she is protected by city police officers whose sole duty...
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Oct 9, 2012
10/12
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CNBC
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it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ame
it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk....
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Oct 12, 2012
10/12
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CNNW
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> their ideas are old and their ideas are bad and they eliminate the guarantee of medicare. >> here's the problem. they got caught with the hands in the cookie jar taking it out for obama care. >> those are great sound bite, but how do we get to the truth in those comments. paul ryan stuck by his proposals at the debate last night. only he said, partially privatizing medicare will not turn into a vo
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm...
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Oct 10, 2012
10/12
by
CSPAN2
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eye 198
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the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that provision was taken out and has been going on in stand-alone legislation. ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look of this is just as not add up. let's finish with the cost curve. we bending the cost curve down or up? well, if you look at your own chief actuary of medicare revenue up. he is time we are going up $222 billion, adding more to the unsustainable fiscal situation we have. and so when you take a look at this it is really deeper than the def
the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that...
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Oct 9, 2012
10/12
by
CSPAN
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host: what are the most likely components each side would have to give in order to lower our deficit? guest: great question. pretty easy. democrats are going to have to give on entitlements, meaning medicare, social security, and the broader domestic side of spending, such as medicaid. we call these entitlements, but they are really the great society safety net program and the rest of the domestic spending, on everything from school lunches you name it, go up and down the list, all these different activities. on the republican side, it goes back to what an earlier caller spoke about on revenue. the republicans will likely need to give some sort of new revenue, some sort of adjustment of the tax code that produces new revenue. those are the main gives on either side. very hard to get these two sides to compromise on this. host: there's a story this week with this headline -- how much does he want to get accomplished before he leaves? guest: it goes back to the idea that as productive as the gang of eight may be, it does need leadership about them to take whatever products they have and
host: what are the most likely components each side would have to give in order to lower our deficit? guest: great question. pretty easy. democrats are going to have to give on entitlements, meaning medicare, social security, and the broader domestic side of spending, such as medicaid. we call these entitlements, but they are really the great society safety net program and the rest of the domestic spending, on everything from school lunches you name it, go up and down the list, all these...
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Oct 10, 2012
10/12
by
CNNW
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eye 165
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as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment in this country, and you can do a lot of this by generating growth, getting rid of deductions, getting rid of a lot of the credits, getting rid of a lot of the loopholes and that is the plan he will put forward to congress. >> here's the thing. dan, here's the thing. nobody disputes that he intends to do some of this. what we don't know is how he intends to do it, and the specifics and until we get that, i think barack obama is perfectly entitled at the next two debates to take him on it, say hang on, you're cutting taxes by $5 trillion but what are you actually going to do to make up the $5
as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment...
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Oct 13, 2012
10/12
by
FOXNEWS
tv
eye 185
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i'm going to cut the deficit in half. you remember that? guess what? the deficit we just found out is another trillion dollars this year. we've a 50% increase in our debt. do you think it's working? when he pushed through that stimulus package in the united states congress, he said, if you only put a trillion dollars of hard earned taxpayer money into the government, we'll create so many jobs that we'll have the unemployment rate 50% lower today than it actually is. you think it's working? >> no! >> he said pass my health care bill. he jammed it through congress without a single republican vote. he said we need to do this 'cause we can reduce the cost of premiums by $2,500. guess what? we found just found out from the people who look at this, congressional budget office, it's $2,500 increase in our premiums thanks to obamacare. do you think it's working? >> no. >> no, it's not working. but the good news is for ohio and for our country, we have a leader who has the experience. he's got the record. he has the character and he has the policies to turn thi
i'm going to cut the deficit in half. you remember that? guess what? the deficit we just found out is another trillion dollars this year. we've a 50% increase in our debt. do you think it's working? when he pushed through that stimulus package in the united states congress, he said, if you only put a trillion dollars of hard earned taxpayer money into the government, we'll create so many jobs that we'll have the unemployment rate 50% lower today than it actually is. you think it's working?...